p.4-5 news 10:FOOTWEAR NEW TEMPLAT 10 08 6/10/09 12:47 Page 4
NEWS
UK sales of shoes outstrip clothing market
Sales of shoes have out-
July showed positive trends in
an estimated high of £7 billion
stripped the general clothing
British retailing
in 2008, with a 17.7% increase
market for the past ten years,
Reporting on retail sales in the
from 2004. Sales have slumped
with sales growth of 53.1% in
UK for July 2009, the UK’s
since the economic crisis hit
the decade between 1998 and
Office for National Statistics
however, but it is believed that
2008, compared with 39.7%
found that volumes grew by
this will be short-term.
for clothing, according to a
3.3% over July 2008, reports
Key Note’s prognosis is that
recent article in The Times
the pan-European footwear
sales will drop by 0.3% for
Newspaper. Reporting on
business newsletter Shoe
2009, but then climb by 17.9%
information from Mintel, the
Intelligence. In textiles, clothing
between 2009 and 2013. The
market researcher, it said this
and footwear stores, the
market leader, Clarks, is
trend continued last year, with
increase was 10.3%, said to be
expected to do well as it
shoes sales rising by 4.8%
helped by aggressive discount-
focuses on style to accompany
compared with 0.4% in the
ing and warm weather. In the
its reputation for comfort and
clothing market.
three months to July all retail
the industry is expected to
In addition, sales by shoe
revenues grew by 1.6%; in
work on innovative technologies
manufacturers to the UK
textiles, clothing and footwear
for medical problems as well as
market has grown by 1.5% this
they increased by 7.3%.
eco-friendly production.
year, Plimsoll, the market
However, clothing sales in July 2009. Casual ranges were
For British shoe retailers, the
research company said.
were 0.4% below those of stand-out performers, and
increased consumption levels
Standalone shoe shops have
June. back to school products helped
have been accompanied by a
had their sales eroded by
The Retail Sales Monitor, in kids’ shoes. Sandals got a
modest rise in the value of the
clothing retailers offering a
compiled for July by the British boost from hot weather and
pound sterling against the US
greater variety of products and
Retail Consortium together sales and promotions. Clothing,
dollar that should make their
their sales are likely to be level
with KPMG, found that instead, was just below its total
sourcing costs cheaper.
with last year’s, according to
footwear did much better than from July 2008.
However, those sourcing shoes
Plimsoll. Retailers have also
clothing. Shoes had gains in The market research firm
from Continental Europe will
been helped by the collapse of
women’s, men’s and children’s Key Note has published its
be facing higher costs, follow-
rivals such as Shoe Studio and
products compared with 2008, report “Footwear”, in which it
ing the sharp rise in the value
Barratts, which was bought
maintaining strong numbers reports that the value of the
of the euro against the pound
out of administration.
already recorded for June UK footwear market reached
sterling since August.
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FOOTWEAR TODAY
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OCTOBER 2009 www.footweartoday.co.uk
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